Quarterly report [Sections 13 or 15(d)]

REVENUE (Tables)

v3.25.2
REVENUE (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Major Geographic Area, and by Significant Product and Service Offerings
Revenue, classified by the major geographic areas in which our customers are located, was as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands) 2025 2024 2025 2024
United States $ 927,682  $ 827,839  $ 1,691,251  $ 1,521,699 
Other countries 71,845  64,081  130,780  118,570 
Total revenues $ 999,527  $ 891,920  $ 1,822,031  $ 1,640,269 
Revenue from external customers, classified by significant product and service offerings, was as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands) 2025 2024 2025 2024
Residential revenues $ 455,665  $ 408,414  $ 811,978  $ 737,752 
Commercial revenues 320,490  287,770  604,847  545,884 
Termite and ancillary revenues 211,855  186,024  383,985  338,084 
Franchise revenues 3,908  4,445  7,678  8,406 
Other revenues 7,609  5,267  13,543  10,143 
Total revenues $ 999,527  $ 891,920  $ 1,822,031  $ 1,640,269 
Schedule of Changes in Unearned Revenue Changes in unearned revenue were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands) 2025 2024 2025 2024
Beginning balance $ 233,365  $ 222,967  $ 223,872  $ 210,059 
Deferral of unearned revenue 78,975  74,369  155,481  149,165 
Recognition of unearned revenue (68,881) (63,437) (135,894) (125,325)
Ending balance $ 243,459  $ 233,899  $ 243,459  $ 233,899